Current Expected Credit Losses (CECL) for Corporates
The complexities presented by this new standard have been amplified exponentially by the COVID-19 pandemic and resultant economic shutdowns. A wave of bankruptcies has begun, credit risk is elevated across the board, causing provisions to skyrocket. Adding additional complexity is a lack of clarity from the multiple regulatory bodies on the impact of the current market conditions.
In recent weeks, the Securities and Exchange Commission warned companies against both using results data that doesn't capture adoption of the CECL as well as the risk of using ratings data that tends to lag. Both of these have created increased appetite for appropriate data to measure and quantify Expected Credit Losses.
Join us for a webinar on an all things CECL as we walk through the standard, the data, best practices and points to consider.
Speakers
Alison Fletcher
Corporate Treasury Specialist
Bloomberg
Alison Fletcher is a Corporate Treasury Market Specialist at Bloomberg, New York. Alison holds a Bachelor of Economics and Bachelor of Commerce (Finance) from the Australian National University and a Masters of Science (Development Economics) from the University of London. Prior to Bloomberg, Alison worked for 15 years as a Corporate FX Risk Management Advisor in Sydney, London and most recently in Singapore. She has worked for global banks such as HSBC, Commonwealth Bank of Australia, Commerzbank and Abn Amro/RBS. Alison has published articles in Global Treasurer News and Bloomberg Markets Magazine and has been a guest speaker at the ACT Singapore, ASEAN Risk, The Corporate Treasurer, ACI Philippines, FinanceAsia, CTCFO Indonesia, Windy City Summit, Eurofinance, Texpo and the Canadian National, Ottawa, American National, Philadelphia and Minnesota AFP’s.
Scott Coulter
Global Product Manager, Accounting & Regulatory
Bloomberg L.P.
Scott Coulter is the Global Product Manager responsible for Bloomberg's Accounting & Risk data. In this role, he works with the broad industry to develop solutions that leverage Bloomberg's data and calculators to help address accounting, risk and regulatory challenges. Scott leverages extensive experience in the financial services industry and expertise in accounting, regulatory and risk consulting to develop products that enable clients to efficiently manage risk and comply with regulatory standards.
Prior to joining Bloomberg, Scott most recently worked as a technical accounting and regulatory consultant at Ernst & Young LLP, specializing in a broad range of accounting and regulatory topics.
David Croen
Global Credit Risk Product Manager
Bloomberg LP
David Croen is head of credit risk products for Bloomberg, L.P., working in the firm’s enterprise product business. Prior to joining Bloomberg, David led risk management and valuation for global banks and asset managers, with specialization in credit and securitization. He contributed to the President’s Working Group on Financial Markets Best Practices for Risk Management (2008), and has advised U.S. regulators and accounting firms on complex structured finance transactions. David earned a B.A. in Applied Mathematics and an MBA in Finance, both from the University of Rochester.
Bloomberg speaker